Round One

A T& T's new computer

When it was broken up in January, American Telephone & Telegraph lost all its local phone companies but gained the right to invade the computer market. Last week the still giant firm (assets: $34 billion) launched its first major attack. AT&T rolled out six machines ranging from a $9,950 desktop model to a high-powered $340,000 one. Said Stephen McClellan, a data-processing industry analyst for Salomon Bros.: "A T & T's entry into computers is probably the most significant event in the industry since IBM launched its Personal Computer in 1981."

The new machines, intended for banks, airlines and...

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